Durational Capital and The Jordan Company to buy Bojangles’
Summary
BofA Merrill Lynch and Houlihan Lokey served as financial adviser to Bojangles’ and its board of directors with Shearman & Sterling LLP providing legal counsel.CHARLOTTE, N.C., Nov. 06, 2018 (GLOBE NEWSWIRE) — Bojangles’, Inc. (Bojangles’, the “Company”) (NASDAQ: BOJA) today announced that it has entered into a definitive agreement to be acquired by Durational Capital Management LP and The Jordan Company, L.P.We are confident that this agreement offers a promising opportunity to realize the highest value for our stockholders while providing a strong path forward for the Bojangles’® brand, its employees, franchisees, and loyal customers,” said William A. Kussell, Director and Non-Executive Chairman of Bojangles’.“We have admired the brand and its high quality and craveable food for years, and we look forward to partnering closely with the employees and franchisees to drive its future growth and continued success.”“Bojangles’ has a differentiated offering, a talented team of employees and dedicated franchisees that are committed to their businesses and their communities,” said Ian Arons, Partner at The Jordan Company.